Filing Flows › Neuronetics (STIM) › Q1 2026
Neuronetics (STIM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Neuronetics (STIM) reported revenue of $34.5M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -18% from the quarter before. Operating margin was -26.1%, net loss $10.8M (31.3% of revenue).
Neuronetics, Q1 2026: revenue $34.5M (+8% year over year), operating margin -26.1%, net loss $10.8M, operating cash flow −$9.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.5M | -18% | +8% |
| Operating profit | −$9.0M | — | — |
| Net earnings | −$10.8M | — | — |
| Operating cash flow | −$9.4M | -1168% | — |
What changed
Revenue was $34.5M in Q1 2026, up 8% year over year and down 18% from the previous quarter. Service was the largest line at 62% of revenue. Service added $2.9M year over year (up 15%), 116% of the total change. Products and Other declined 3%.
Gross margin was 46.9%, down 2.3 points from Q1 2025. Operating costs exceeded revenue by $9.0M, an operating margin of -26.1%. Operating expenses fell 6% while revenue rose 8%. The quarter ended with a net loss of $10.8M, wider than the previous quarter's $7.2M loss.
Operating cash flow was −$9.4M. Non-cash charges added back $745K of depreciation and amortization and $1.7M of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $197K exceeded it, leaving free cash flow of −$9.6M.
Questions
What was Neuronetics' revenue in the first quarter 2026?
Neuronetics (STIM) reported revenue of $34.5M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -18% from the quarter before.
Was Neuronetics profitable in the first quarter 2026?
Operating loss was $9.0M (-26.1% of revenue) and net loss $10.8M.
Source: Neuronetics 10-Q on SEC EDGAR.